GalaPro is bringing technology to the theater space. The company has launched a mobile app that does closed-captioning from any phone in the theater and is officially in the Shubert Theaters in NYC.
Yonat Burlin is the CEO of GalaPro. She joins Cheddar to explain how this technology is equalizing the theater space. Burlin says voice recognition technology helps synch the whole system from stage to phone.
When it comes to what is next, Burlin explains that the company is already talking to different theater groups like Lincoln Center and regional theaters across the country. And when it comes to scalability, Burlin acknowledges that theater is not as fast as cinema but she is confident that GalaPro has tapped into strong networks.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
